Question

What is the Future Value of $100 deposited per year for 3 years and then $200...

What is the Future Value of $100 deposited per year for 3 years and then $200 per year for 3 years thereafter, at 12%?

a. $900

b. $816

c. $1089

d. $1,149

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

THE CORRECT ANSWER IS D.) $ 1,149 (ROUND-OFF) and see calculation below

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Problem 1: a) An annuity pays into an account 100 at end of year 2, 200...
Problem 1: a) An annuity pays into an account 100 at end of year 2, 200 at end of year 3, ..., up to 900 at end of year 10. Interest rate is 7% per year. At end of year 12, how much is in the account b) An annuity pays 800 at end of year 1, 900 at end of year 2,..., 2000 at end of year 13. What is the present value of the annuity? Use i =...
Problem 5.14 (Future Value of an Annuity) Find the future values of these ordinary annuities. Compounding...
Problem 5.14 (Future Value of an Annuity) Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Round your answers to the nearest cent. $500 per year for 6 years at 12%. $250 per year for 3 years at 6%. $200 per year for 2 years at 0%. Rework parts a, b, and c assuming they are annuities due. Future value of $500 per year for 6 years at 12%: $   Future...
What is the future value of $100 invested at 10% compounded annually for 3 years? What...
What is the future value of $100 invested at 10% compounded annually for 3 years? What is the future value of $100 invested at 10% compounded annually for 10 years? What is the present value of an investment that will give you $100 after 10 years with a rate of 10% compounded annually? You end up with $20,000 after investing for 20 years at 8% annually. What was the PV? Maverick Jane places $800 in a savings account paying 6%...
What is the future value of $550 deposited in an account for 5 years earning 11.56%...
What is the future value of $550 deposited in an account for 5 years earning 11.56% interest compounded annually?
(3) Calculate the future value of $3,000 in a. 5 years at an interest rate of...
(3) Calculate the future value of $3,000 in a. 5 years at an interest rate of 5% per year. b. 10 years at an interest rate of 5% per year. c. 5 years at an interest rate of 10% per year. d. Why is the amount of interest earned in part (a​) less than half the amount of interest earned in part ​(b​)? a. Calculate the future value of $3,000 in 5 years at an interest rate of 5% per...
What is the future value of $10,000 after 15 years when investing 4%? What is the...
What is the future value of $10,000 after 15 years when investing 4%? What is the future value in the preceding problem if the interest is compounded monthly? What is the future value after 22 years of year-end deposits of $50,000 earning 3%? What is the future value in the preceding problem if deposits are year-beginning? What is the most you should pay today for a piece of land which will be worth $500,000 in 4 years if you want...
Kia deposited $1,200, at the BEGINNING of each year for 30 years in a credit union...
Kia deposited $1,200, at the BEGINNING of each year for 30 years in a credit union account. If the account paid 12% interest, compounded annually, use the appropriate formula to find the future value of her account. a. $311,097.91 b. $288,399.20 c. $298,569.33 d. $324,351.13
Calculate the future value of the following amounts deposited today if they have an annual compound...
Calculate the future value of the following amounts deposited today if they have an annual compound interest as shown below: Situation Amount deposited Interest rate Periods of deposited ( pear years) Frequency A $10,200 4.5% 12 Bimonthly B $14,500 6.4% 8 Semiannual C $10,000 8.3% 7 Quarterly D $25,000 11.8% 9 Annual E $26,000 10.7% 20 Quarterly F $32,000 9.4% 14 Semiannual
​(Future value of an ordinary​ annuity) What is the future value of ​$480 per year for...
​(Future value of an ordinary​ annuity) What is the future value of ​$480 per year for 8 The future value of ​$480 per year for 8 years compounded annually at 11 percent is ​$nothing. ​(Round to the nearest​ cent.)
Problem 1 Find the future value of $100 in 5 years at 5%. The answer is:...
Problem 1 Find the future value of $100 in 5 years at 5%. The answer is: Problem 2 Find the future value of $1,800 in 3 years at 8%. The answer is:   Problem 3 Find the future value of $500 in 6 years at 9%. The answer is:   Problem 4 Find the future value of a 3-year, $300 per year annuity at 6%. The answer is:   Problem 5 Find the future value of a 15-year, $300 per year annuity at...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT